Integrity High Correlations

Mutual Funds . USA . 
Fund . Integrity High Income
IHFCX Fund  USD 7.66  0.01  0.13%   
The current 90-days correlation between Integrity High Income and Viking Tax Free Fund is -0.16 (i.e., Good diversification). The correlation of Integrity High is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Integrity High Correlation With Market

Very weak diversification

The correlation between Integrity High Income and DJI is 0.56 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Integrity High Income and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Integrity High Income. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

Moving together with Integrity Mutual Fund

  0.92APAYX Integrity Dividend SummitPairCorr
  0.92IPAYX Integrity Dividend SummitPairCorr
  0.9ICPAX Williston Basin/mid-northPairCorr
  0.9ICPUX Williston Basin/mid-northPairCorr
  0.91ICWIX Williston Basin/mid-northPairCorr
  0.62OKMUX Oklahoma MunicipalPairCorr
  0.65OKMIX Oklahoma MunicipalPairCorr
  0.95IDHCX Integrity DividendPairCorr
  0.95IDIVX Integrity DividendPairCorr
  0.88MDSAX Integrity Short TermPairCorr
  0.97IGIAX Integrity Growth IncomePairCorr
  0.95IGIVX Integrity Growth IncomePairCorr
  0.95IGIUX Integrity Growth IncomePairCorr
  0.99IHFAX Integrity High IncomePairCorr
  0.99IHFIX Integrity High IncomePairCorr
  0.99VWEAX Vanguard High YieldPairCorr
  0.98VWEHX Vanguard High YieldPairCorr
  0.98BHYCX Blackrock Hi YldPairCorr
  0.99BHYIX Blackrock High YieldPairCorr
  0.99BHYSX Blackrock Hi YldPairCorr
  0.98BHYAX Blackrock High YieldPairCorr
  0.99FAHHX American Funds AmericanPairCorr
  0.99FTAHX American Funds AmericanPairCorr
  0.99AHTFX American High IncomePairCorr
  0.98AHTCX American High IncomePairCorr
  0.95FSMMX Fs Multi StrategyPairCorr
  0.93BTMPX Ishares Msci EafePairCorr
  0.92BTMKX Blackrock InternationalPairCorr
  0.93MDIIX Blackrock Intern IndexPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Integrity Mutual Fund performing well and Integrity High Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Integrity High's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
VMTIX  0.10  0.00 (0.59) 0.49  0.10 
(0.21)
 0.23 
(0.23)
 0.91 
VMTTX  0.10  0.00 (0.59) 0.42  0.10 
(0.22)
 0.23 
(0.23)
 0.91 
VNDIX  0.12  0.00 (0.44)(0.45) 0.15 
(0.23)
 0.35 
(0.35)
 1.31 
VNDFX  0.11  0.00 (0.40) 0.04  0.12 
(0.27)
 0.24 
(0.24)
 1.31 
APAYX  0.60  0.13 (0.02)(2.88) 0.59 
(0.65)
 1.36 
(1.05)
 3.59 
IPAYX  0.61  0.13 (0.02)(2.84) 0.58 
(0.66)
 1.32 
(1.00)
 3.61 
NEITX  0.12 (0.01)(0.42) 0.47  0.18 
(0.27)
 0.34 
(0.34)
 1.24 
NEMUX  0.11  0.00  0.00  0.00  0.00 
 0.00 
 0.34 
(0.34)
 1.24 
ICPAX  0.94  0.29  0.10 (1.03) 0.94 
(1.15)
 2.14 
(1.61)
 5.69 
ICPUX  0.95  0.29  0.10 (1.16) 0.91 
(1.15)
 2.02 
(1.79)
 5.73 

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